Direxion Regional Banks Bear 3X (WDRW) Stock Technical Analysis
USA - NYSEARCA:WDRW -
40.76
+3.49 (+9.36%)
41
+0.24 (+0.59%)
We assign a technical rating of 8 out of 10 to WDRW. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WDRW is showing a nice and steady performance.
In the last month WDRW has a been trading in the 27.19 - 83.63 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: WDRW has an average volume of 26319 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that WDRW is one of the better performing stocks in the market, outperforming 98% of all stocks. However, this relatively good performance is mostly due to a recent big move.
WDRW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WDRW is lagging the market.
WDRW has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
21.05
41.17
We found 2 important support areas.
- Support @37.26 from a horizontal line in the daily time frame.
- A support zone ranging from 21.26 to 21.37. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for WDRW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WDRW is neutral. |
| ChartMill Relative Strength | 98.84 | POSITIVE | WDRW has a high relative strength, it outperformed 98.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WDRW is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WDRW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WDRW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.31 | NEUTRAL | The RSI value for WDRW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.65 | NEGATIVE | The MACD value suggests WDRW has a negative trend. |
| Stochastics (14,3) | 13.93 | OVERSOLD | The low Stochastics value suggests WDRW may be oversold. |
| Average True Range in percent/ATR (20) | 36.46 | HIGH VOLATILITY | The high ATR as a percentage value for WDRW suggests high volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
40.76
+3.49 (+9.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg9.36%
1 Week-36.86%
2 Weeks-9.76%
1 Month21.59%
3 Month119.63%
6 Month59.64%
12 Month21.65%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)17.94
ATR(20)%36.46%
ATR Inc-45.25%
Range Today4.9
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.84
Mansfield7.36
10 Day High83.63
10 Day Low36.24
20 Day High83.63
20 Day Low27.19
52 Week High83.63
52 Week Low17.81
CS1 End37.26
CR1 StartN/A
Volume & EV
DER(3)-7%
DER(5)-3.74%
Volume40.10K
Volume Incr47.8%
Vol(5)65.66K
Vol(50)26.32K